Do you think the homeowners of Britain will ever ' get it ' ?

Like, apparently estate agents in Britain are now selling on average one house a week. Loads of houses are coming on to the market but no buyers. The average age of a first time buyer is in their 30's, heading toward 40, lenders are less and less willing to give interest only mortgages, and their criteria dictate that the cut off point for a 20 year loan to be made would be to a person in their mid to late 40's, to allow the mortgage to be paid off before retirement. Add to this that base rates can only head up in time, there is no room for downward movement. Less job security, massive rises in fuel and food prices, less disposable income, no or modest wage rises. So surely homeowners must realise the asking prices of houses today is WAY TO HIGH !! Houses are only worth what people can pay for them, and one thing is for sure, they can't pay, or lenders criteria won't allow them to pay, the prices being asked at the moment.